TradingView
Butec
Aug 1, 2016 9:40 AM

USO long setup Long

United States Oil FundArca

Description

Dropping oil price has crushed USO. This means that it is not a strong fund, but still favourable for a SMALL trade. It is bearing towards lower support at around 9. If this support holds and it bounces back, we are good to go long. But as mentioned, with a small position. SL can be set at 7.5.

Good luck
More